Beijing and Washington set out a reciprocal tariff reduction and a dialogue on AI after Xi Jinping's state visit, with detail promised on Monday.
GDP & Macro Reality
44 storiesThe University of Michigan's final September reading dropped as households reported deepening worries about prices, and year-ahead inflation expectations rose.
The University of Michigan index hit a four-month low in September and year-ahead inflation expectations rose to 4.6%.
Goldman Sachs raised its estimate for July to September growth after core capital goods orders came in strong, even though total durable goods orders did not move in August.
The University of Michigan headline index dropped for a second month, and outlets disagree on whether that is a four-month low or nearly the worst reading on record.
Global government debt now stands above its post-war peak, and the fund's managing director says high debt makes every other shock harder to absorb.
The University of Michigan's final September index came in at 48.1 as households told the survey they expect faster price increases over the year ahead.
The warehouse retailer's fourth-quarter beat leaned on a one-off customs repayment, and the reported size of the profit gain differs between accounts.
The shortfall reached 246.0 billion dollars, but outlets disagree on the size of the increase and on whether the figure beat or missed expectations.
An Atlanta Fed survey found most firms will hold their tariff refunds rather than spend or return them, while the money is already flattering reported profits this earnings season.
Forecasters now place AI infrastructure capex above $1.3 trillion by 2027, a figure large enough to register in the macro data.
Diesel hit a record high and senior Republicans want an export embargo, but the president's own energy and interior secretaries are against it.
The S&P Global index slipped to 42.7 in September from 42.9 in August, with job security the weakest component for all but technology workers.
Kristalina Georgieva told the Qatar Economic Forum that governments are falling short on deficit cuts even as the world economy proves more resilient than feared.
The Michigan index fell again in September while inflation expectations rose, and a former White House economic adviser says households are funding spending out of savings.
Two official figures for the same war are now in circulation, and neither counts the damage to US bases.
H.R. 5334 gives the president authority to impose secondary tariffs on the largest buyers of Russian crude, with India and China at the centre of the risk.
The ratings agency raised its real GDP growth forecast for the current fiscal year to 7% from 6%, while flagging energy prices, the external account and debt as the offsets.
August retail sales beat consensus, weekly claims fell back below 200,000 and the Atlanta Fed's tracker moved to a 5.1% annual pace.
The Congressional Budget Office and a Pentagon inspector general have put very different numbers on the same conflict, and neither is a full accounting.
Widening hyperscaler default swaps reflect debt-financed capex, rising leverage and negative free cash flow, the firm argues.
Spending beat forecasts across almost every category even as the Michigan index fell to 51.0.
Retail sales rose 1.2% last month while the main confidence gauge sank toward record lows, leaving the consumer reading split down the middle.
The Government Accountability Office found federal agencies paid $9.5 billion in employee leave in 2025, most of it to staff who had already agreed to leave.
The Congressional Budget Office also lifted its inflation projection for early 2027 as Congress voted again to curb the president's war powers.
Ottawa paired a new investment tax deduction with a room full of the world's largest asset managers as its trade war with Washington continues.
The budget office says the conflict has cost the Pentagon about $38 billion so far and will add $2 billion to $3 billion a month, while lifting its inflation projection for early next year.
The University of Michigan's preliminary September reading came in well below forecast, with petrol prices and tariff talk cited as the main drags.
The University of Michigan's preliminary September reading fell to near the lowest level on record, even as household wealth hit a quarterly record.
The president denied plans to withdraw from the North American trade pact even as tariffs on Canadian goods stay in place.
Wartime industrial powers are being considered for an oil-refining system that reporting describes as maxed out.
House Speaker Mike Johnson says the payments need congressional approval, contradicting the administration's claim that it can send them on its own.
The University of Michigan index fell from 51.7 and missed consensus, with the expectations component falling further than the headline.
Canadian retaliation now covers roughly $20 billion of US goods, even as Washington lifts one punitive levy on Canadian spirits.
The University of Michigan's preliminary September index dropped from 51.7 in August as gasoline prices climbed and inflation expectations rose.
Analysts had predicted no growth at all, and the surprise arrives with borrowing costs and inflation risks both climbing.
The president has promised every US adult a $5,000 payment if Republicans win the midterms, and independent estimates put the cost above $1 trillion.
The ratio has reached a level not seen since the Second World War, and the Treasury secretary's answer is a growth rate the economy is not currently running at.
Ottawa's retaliation hits hundreds of American goods at rates up to 50 per cent, and Washington is already weighing another round.
Ottawa's retaliatory duties hit hundreds of US product lines from Tuesday, with rates running as high as 50 per cent.
Ottawa's retaliatory tariffs came into force overnight as President Trump told Bombardier it cannot sell in the United States unless it builds there.
Eurostat lifted its estimate of second-quarter euro-area growth just as the European Central Bank prepares a rate decision against three-year-high inflation.
Retaliatory duties of up to 50 per cent land this week, and the first cheque is written by the Canadian importer.
The August employment report came in near three times the consensus forecast and pushed market expectations toward a Fed rate rise.